On August 13, GMX has successfully completed a distribution plan of approximately $44 million to compensate GLP holders affected by the recently disclosed V1 vulnerability on Arbitrum. Eligible wallets can now be claimed through the GMX dApp.
· About $44 million to distribute - all affected GLP holders will be fully compensated;
The compensation is issued in the form of two GLV tokens, namely the GMX liquidity vault optimized by the income from V2.
The GLV token is composed of approximately 25% WBTC, 25% ETH, and 50% stablecoins.
Includes $2 million DAO vault support + $500,000 to hold GLV incentives.
GMX completes V1 vulnerability impact compensation program, involving $44 million
2025-08-13 14:36:02
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